Search found 198 matches

by simas
Tue Jul 17, 2018 6:59 am
Forum: Personal Finance (Not Investing)
Topic: Job Change?
Replies: 7
Views: 742

Re: Job Change?

you can afford the switch financially as well as afford not to work at all (with DW working). also, I do not know how you spend 125k in Midwest but if any of that is at all configurable, you _and_ your DW can afford to do pretty much anything you want ('retire'). for comparison, I am in Chicago, als...
by simas
Tue Jul 17, 2018 6:47 am
Forum: Personal Finance (Not Investing)
Topic: Big 4 Who Jumped to Industry - Compensation
Replies: 28
Views: 3910

Re: Big 4 Who Jumped to Industry - Compensation

So my advice would be to focus more on the opportunity and not necessarily the immediate pay increase. Stay long enough that when you leave and launch into a company it is at an appropriately high level. Go to a place where you think there is real opportunity for growth. Good luck! what he said - f...
by simas
Sat Jul 14, 2018 4:55 pm
Forum: Investing - Help with Personal Investments
Topic: BH , please help make an argument for after-tax contributions
Replies: 4
Views: 488

Re: BH , please help make an argument for after-tax contributions

Wait... You are trying to come up with an argument that would convince others who are not yet contributing much (or anything) to their tax-deductible 401k plan... to contribute after-tax money? Wouldn't it be in their best interest (in general, perhaps not for everyone) to add more to the tax- defe...
by simas
Sat Jul 14, 2018 3:29 pm
Forum: Investing - Help with Personal Investments
Topic: BH , please help make an argument for after-tax contributions
Replies: 4
Views: 488

BH , please help make an argument for after-tax contributions

Signed up with new employer who has a 401k plan (through ADP), checked out features - fairly standard in pre-tax and Roth contribution being both allowed, after tax not set up. Went to talk to the HR administrator who have mentioned that setting that up is possible however company does not believe w...
by simas
Tue Jul 10, 2018 5:21 pm
Forum: Personal Finance (Not Investing)
Topic: Northwestern Mutual (65 Life) Whole Life Insurance Question
Replies: 25
Views: 4165

Re: Northwestern Mutual (65 Life) Whole Life Insurance Question

trust your gut - bail.
besides, what is the point of insurance in your case? what risk does it intend to cover (who is it for)? buying very expensive financial product is bad enough, buying it for no reason - you are better of getting rolls of twenties and burning them...
by simas
Mon Jul 09, 2018 9:56 pm
Forum: Personal Finance (Not Investing)
Topic: Question on after-tax 401k
Replies: 10
Views: 597

Re: Question on after-tax 401k

I should have specified Employer A and B are two different companies but in tech area (e. g Google and Facebook). I am assuming these are considered unrelated employers. it is about ownership (who controls both companies) , not about the field/industry. if you create a company that does IT consulti...
by simas
Mon Jul 09, 2018 9:54 pm
Forum: Personal Finance (Not Investing)
Topic: Question on after-tax 401k
Replies: 10
Views: 597

Re: Question on after-tax 401k

Not disagreeing with anyone's expertise here, but if that is actually the case, it is very curious that the IRS website makes no mention of a per employer limit. because it describes single/typical plan - employee/employer are roles within a plan. Either way, OP now has an answer. whether to use it...
by simas
Mon Jul 09, 2018 9:04 pm
Forum: Personal Finance (Not Investing)
Topic: Question on after-tax 401k
Replies: 10
Views: 597

Re: Question on after-tax 401k

Is Employer B unrelated to Employer A (not within the same Control Group ,etc) ? If Employer A and B are related - one limit if unrelated - you have the 55k limit in each total. the earlier link shares is PER PLAN . Here is another link from people who make a living providing 401k plan and certifyin...
by simas
Sat Jul 07, 2018 12:32 pm
Forum: Personal Finance (Not Investing)
Topic: Borrow for BigLaw Partnership Buy-in?
Replies: 26
Views: 3987

Re: Borrow for BigLaw Partnership Buy-in?

Bearing in mind, of course, that failing to make budget could be strongly correlated with downturns in those accounts. failing to make budget could also be strongly correlated to downturn in the firm (as in you would have much bigger problems including no income if you would be among 'optimized' in...
by simas
Sat Jul 07, 2018 10:40 am
Forum: Investing - Help with Personal Investments
Topic: Tech tilt as hedge against rising cost of living in Bay Area
Replies: 37
Views: 2863

Re: Tech tilt as hedge against rising cost of living in Bay Area

The idea is not about keeping up with engineering compensation, that would require a sizeable portfolio. It was about mitigating higher local inflation by tilting to the industry that is largely responsible for this inflation. My premise is that the real return of a market-weighted portfolio has be...
by simas
Sat Jul 07, 2018 10:32 am
Forum: Personal Finance (Not Investing)
Topic: Borrow for BigLaw Partnership Buy-in?
Replies: 26
Views: 3987

Re: Borrow for BigLaw Partnership Buy-in?

1) Yes
2) Yes on trying to keep the same 20% target

overall, cross the bridge when you get to it - IF you are offered then you can respond with 'let me review the details' and go from there, especially since they have a program with the bank to arrange for that.
by simas
Sat Jul 07, 2018 10:27 am
Forum: Personal Finance (Not Investing)
Topic: What do you guys do on the side?
Replies: 299
Views: 30092

Re: The Side Hustle

MS is not dead for me. Largely depends on where you live (I live in a target rich environment), how creative you are, risk tolerance, etc. I would say the bigger hit over the years has been on the earn side (multiple uncapped 5% CB cards, easy churning, etc.). But MS is probably much tougher if you...
by simas
Sat Jul 07, 2018 10:13 am
Forum: Investing - Help with Personal Investments
Topic: Pitfalls of real estate investing
Replies: 39
Views: 4009

Re: Pitfalls of real estate investing

While Real Estate could be a good business overall, in your situation (remote, non US, non local investor), you should stay far away from it. Over things you are not thinking about - liability . what is your plan when you dad would be summoned to court (locally) should a tenant sue him? is he planni...
by simas
Fri Jul 06, 2018 7:35 am
Forum: Personal Finance (Not Investing)
Topic: Advice For My Side Business - Reselling Used Electronics
Replies: 14
Views: 1329

Re: Advice For My Side Business - Reselling Used Electronics

* Am I wasting my time? Should I just focus on my career? Yes. and keep expenses in check , make sure you remind yourself of reality each day you look in the mirror- you are extraordinary fortunate to have the income that is a very small fraction of 1% in the world and top in the country . 'it does ...
by simas
Thu Jun 28, 2018 10:13 pm
Forum: Personal Finance (Not Investing)
Topic: Lost out on promotion
Replies: 104
Views: 10360

Re: Lost out on promotion

Right approach here. If you want to win at the game at your culture/company - learn the rules. every culture has them, both written and unwritten (i.e. in some of the places I worked there was clear message of no transfers in the first X months (in the company or in the role), meaning that getting i...
by simas
Wed Jun 20, 2018 12:29 pm
Forum: Investing - Help with Personal Investments
Topic: How far can I go to ask Morgan Stanley to fix their mistake?
Replies: 8
Views: 764

Re: How far can I go to ask Morgan Stanley to fix their mistake?

...He is not going to get far unless they in writing confirmed that he/she could sell stock stock outside of the trading window, which is no universe they will ever do confirm to anyone as that is direct violation of the terms of the plan with the company. Every review would simply state that custo...
by simas
Wed Jun 20, 2018 12:18 pm
Forum: Investing - Help with Personal Investments
Topic: How far can I go to ask Morgan Stanley to fix their mistake?
Replies: 8
Views: 764

Re: How far can I go to ask Morgan Stanley to fix their mistake?

My thoughts are along the lines of asking your internal compliance for any guidance related to this. I do not know how these RSUs compare to your overall annual comp, but what you do not want to do is get into real trouble for violating terms of restricted trading group even if for some reason MS wo...
by simas
Wed Jun 20, 2018 11:59 am
Forum: Investing - Help with Personal Investments
Topic: How far can I go to ask Morgan Stanley to fix their mistake?
Replies: 8
Views: 764

Re: How far can I go to ask Morgan Stanley to fix their mistake?

You can write to the Chief of Compliance at Morgan Stanley and advise them that you expect them to complete the service that they agreed to provide. They should in turn buy your shares at whatever the appropriate price was on the planned date of sale. It is Morgan Stanley's problem what to do with ...
by simas
Wed Jun 20, 2018 11:57 am
Forum: Investing - Help with Personal Investments
Topic: How far can I go to ask Morgan Stanley to fix their mistake?
Replies: 8
Views: 764

Re: How far can I go to ask Morgan Stanley to fix their mistake?

you may be looking at two different things here - plan (and its renewal) which is annual based on your comments - specific open trading windows within the plan did you specifically asked them if you would be able to sell stock vesting on 15th the same day it vests (not whether plan needed to be rene...
by simas
Sun Jun 10, 2018 9:25 am
Forum: Investing - Help with Personal Investments
Topic: Vanguard - mega Roth IRA
Replies: 2
Views: 320

Re: Vanguard - mega Roth IRA

you mixing things that should not be mixed and confusing yourself. Mega backdoor Roth (forget IRA) is what you just researched, after tax contributions and in-service rollovers. Whether it is allowed or not is governed by Summary Plan Description (SPD) of the 401k plan you are a participant of. Plan...
by simas
Sun Jun 10, 2018 9:20 am
Forum: Investing - Help with Personal Investments
Topic: Creative Planning vs Vanguard PAS
Replies: 94
Views: 6071

Re: Creative Planning vs Vanguard PAS

I struggle to see the point of this thread - OP, you are fighting severe case of (justified IMHO) of buyers remorse and trying to make yourself feel better by 'proving' how great deal is this Creative Planning thing? Similarly, there are tons of BH (myself including) that do not do Vanguard PAS and ...
by simas
Sun Jun 10, 2018 9:08 am
Forum: Investing - Help with Personal Investments
Topic: Windfall advice for an overwhelmed person
Replies: 76
Views: 6246

Re: Is Bogleheads not right for me? Trying to generate monthly income before retirement

Yep, you are wasting your time trying to come up with ways to overleverage the leverage. if you want future wealth - forget about more borrowing - pay down obligations (taxes, etc) - figure out whether you want to pay down debts that are not obligatory (would depend on terms/interest rate, etc). BH ...
by simas
Tue Jun 05, 2018 7:32 am
Forum: Personal Finance (Not Investing)
Topic: Employer Forcing Transfer of 529
Replies: 15
Views: 1952

Re: Employer Forcing Transfer of 529

Thanks for the replies everyone. Looks like I'm going to have to eat this one, at least in the short term, furthering my dislike of my wife's employer. OP here. This does not make me feel safer or more secure, and probably adds to my exposure to fraud if anything. We have lots of other investments,...
by simas
Sun Jun 03, 2018 10:26 am
Forum: Investing - Help with Personal Investments
Topic: Thanks Bogleheads - Mega Backdoor Roth FTW
Replies: 25
Views: 2387

Re: Thanks Bogleheads - Mega Backdoor Roth FTW

If I may ask - you are you handling 1099R issue
- any service/software you use to create it?
- what you do with it once created?

it is my first year and I would have to issue one for my own plan. not sure what to do with it once created, if I need to submit to IRS, where/how do I do this?

Thank you
by simas
Sun Jun 03, 2018 8:38 am
Forum: Investing - Help with Personal Investments
Topic: Thinking about RSUs and asset allocation
Replies: 12
Views: 964

Re: Thinking about RSUs and asset allocation

Hey folks, ... how to think about the impact of unvested RSUs to portfolio asset allocation. … Answers is - don't. Do not mix up variable comp (which is what RSUs are) with asset allocation/investments. your RSUs are a form of cash, you just do not know how much you get at the end, no different fro...
by simas
Sat Jun 02, 2018 12:13 pm
Forum: Personal Finance (Not Investing)
Topic: Have $2.5M at 30, career advice needed
Replies: 49
Views: 5353

Re: Have $2.5M at 30, career advice needed

hmm.. I do not see anything difficult about this You have - very high concentration in real estate (almost all of your NW is in the house). this is risky - excellent income (8-10X nations average) - choices to make (public school/private school ,etc). - enjoy life You need - maintain the level of in...
by simas
Fri Jun 01, 2018 7:20 am
Forum: Personal Finance (Not Investing)
Topic: is Having more and needing less normal?
Replies: 113
Views: 8798

Re: is Having more and needing less normal?

Yes, it is normal - you start to understand the limits of your time and energy . Also, anything you may have wanted you already got (in terms of material things) what I found about myself - less inclined with DYU everything (build computers, etc) - if deciding to get into something I don't go as che...
by simas
Thu May 31, 2018 7:45 pm
Forum: Personal Finance (Not Investing)
Topic: Employer Forcing Transfer of 529
Replies: 15
Views: 1952

Re: Employer Forcing Transfer of 529

"you can blame the AICPA and SEC independence requirements for being forced to transfer your funds to an approved arrangement. " Yes, this is normal as dictated by various regulatory rules so thank your government to make you feel safer and secure and protecting you from fraud - did she get more mon...
by simas
Sun May 27, 2018 1:20 pm
Forum: Personal Finance (Not Investing)
Topic: How safe are our funds in online platforms?
Replies: 15
Views: 2053

Re: How safe are our funds in online platforms?

Few things - we are much MORE secure now than we ever were below - As long as there was a ledger (including 3 thousand years ago in Babylon) there were people manipulating that ledger, all throughout history. What you have now is instant near real time access to your account which was simply impossi...
by simas
Sun May 27, 2018 12:07 pm
Forum: Personal Finance (Not Investing)
Topic: HSA limit validations
Replies: 4
Views: 485

Re: HSA limit validations

Thank you both. on facts " your wife currently has family HDHP coverage, but that starting July 1 and for the rest of the year you will have family HDHP coverage (self + kids), and your wife will have self HDHP coverage." Yes, this is exactly the scenario. I have no coverage as of now and for the fi...
by simas
Sun May 27, 2018 10:18 am
Forum: Personal Finance (Not Investing)
Topic: HSA limit validations
Replies: 4
Views: 485

HSA limit validations

Could you please confirm I am looking at this right? Set up - my wife previously covered herself, myself, and our kids. Have not contributed anything to HSA so far due to missing it last fall during enrollment period (can contribute directly to HSA provider and still account for it, just not pre-FIC...
by simas
Thu May 24, 2018 5:08 pm
Forum: Personal Finance (Not Investing)
Topic: Additional Liability of Getting Married (Protecting Taxable accounts)
Replies: 18
Views: 1843

Re: Additional Liability of Getting Married (Protecting Taxable accounts)

"protecting against additional liability of getting married" Huh? what do you mean by this? it makes no sense so far. Are you concerned about something? if yes, what is it ? is she concerned about something? like trusting you not to be sleeping with busty waitress after you are married and taking ha...
by simas
Wed May 23, 2018 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: FSA, Layoff, and W-2
Replies: 3
Views: 402

Re: FSA, Layoff, and W-2

HR/Payroll of your company should have the answers for you...
by simas
Tue May 22, 2018 9:15 pm
Forum: Personal Finance (Not Investing)
Topic: private company option exercise - tax question
Replies: 11
Views: 648

Re: private company option exercise - tax question

How greedy you feel? I would not touch this if I were in similar position - non public stock without any true market existing for it in the company that I no longer want to work for, with completely unknown exit scenarios in terms of value and timing (who says 0.4 means anything if there is no true ...
by simas
Tue May 22, 2018 6:55 pm
Forum: Personal Finance (Not Investing)
Topic: private company option exercise - tax question
Replies: 11
Views: 648

Re: private company option exercise - tax question

" But what about the taxes on paid on the "income" of 30k/ $0.30 per share. If the company doesnt suceeed/no funds go to common shareholders, I wont get any of that 30K." any reason you are not simply selling those options and moving on? if the company is so wonderful and does so great and has such ...
by simas
Thu May 17, 2018 4:41 pm
Forum: Investing - Help with Personal Investments
Topic: 7 years into whole life - cancel or keep?
Replies: 14
Views: 1285

Re: 7 years into whole life - cancel or keep?

short answer - get rid of it long answer, you can get in force illustration, understand what the true value is and what it costs you and then decide to get rid of it As for 'projections' -those are worthless. We had 250k policy bought in 1989 that was projected to be self sufficient in late nineties...
by simas
Thu May 17, 2018 12:09 pm
Forum: Investing - Theory, News & General
Topic: Why do so many people quote "You will likely be in a lower tax bracket in retirement"
Replies: 550
Views: 35767

Re: Why do so many people quote "You will likely be in a lower tax bracket in retirement"

"But the people they are talking to on this site are maxing out their 401k's, IRA's and funding 529's, HSA's or taxable accounts. These are not the "typical people" that will be in a lower tax bracket in retirement. " no, one does not flow from another unless you believe you know tax rates and laws ...
by simas
Mon May 14, 2018 6:21 pm
Forum: Investing - Help with Personal Investments
Topic: Investing in Sports Betting Opportunities
Replies: 25
Views: 2123

Re: Investing in Sports Betting Opportunities

you will automatically invest in them through index mutual funds - if /when they become investable businesses..
by simas
Thu May 10, 2018 7:56 am
Forum: Investing - Help with Personal Investments
Topic: Feeling Lost Trying to Set Up i401K With TDA
Replies: 11
Views: 849

Re: Feeling Lost Trying to Set Up i401K With TDA

If you’re coming with an outside plan document, many of the brokerages can provide the account(s) needed - pre tax, Roth, and after tax. I know Fidelity, Schwab, and E*TRADE can as well. At Fidelity it’s called a non prototype account. I’m setting up Schwab accounts now for this purpose. I do this ...
by simas
Tue May 08, 2018 2:42 pm
Forum: Personal Finance (Not Investing)
Topic: Potential job change with more opportunity/more risk - negotiate severance terms in advance?
Replies: 11
Views: 1045

Re: Potential job change with more opportunity/more risk - negotiate severance terms in advance?

careful with 'contract' or 'agreement' - these have specific meaning. you can reach an 'understanding' and document it in email and it would provide what you want without raising lawyer alarms all over. at the same time, if the company is European they may be much more willing to do an actual agreem...
by simas
Tue May 08, 2018 12:29 pm
Forum: Personal Finance (Not Investing)
Topic: Resignation letter
Replies: 66
Views: 6806

Re: Resignation letter

"She has high integrity and good work so she feel guilty coasting. Besides she doesnt have problems with others at work so they will have to pick up her slack. " ??? they can not make her do what she does not want to do , what they are going to do - fire her? she can absolutely work at the pace she ...
by simas
Tue May 08, 2018 9:01 am
Forum: Personal Finance (Not Investing)
Topic: Potential job change with more opportunity/more risk - negotiate severance terms in advance?
Replies: 11
Views: 1045

Re: Potential job change with more opportunity/more risk - negotiate severance terms in advance?

The point is you can structure it any way you want (including sign on bonus, delayed sign on payment i.e. 6 months out, etc.), in all cases you are making a decision on worth/not worth. a first thing any good executive recruiter would ask you is whether you are ready to move on. if you are , save th...
by simas
Mon May 07, 2018 1:11 pm
Forum: Personal Finance (Not Investing)
Topic: Are these health insurnace premiums high when working for a Non-Profit
Replies: 11
Views: 950

Re: Are these health insurnace premiums high when working for a Non-Profit

These are pretty good.

Also, the pay is excellent for non-profit (I assume you are a doctor?)
by simas
Mon May 07, 2018 1:08 pm
Forum: Personal Finance (Not Investing)
Topic: Potential job change with more opportunity/more risk - negotiate severance terms in advance?
Replies: 11
Views: 1045

Re: Potential job change with more opportunity/more risk - negotiate severance terms in advance?

there is no true negotiations until there is an offer. you interview, they offer, you negotiate, and then you either accept or not accept. there is reason why you are looking at different opportunity - whether it is career concerns regarding current place, bump in comp, etc. many times, the 'concern...
by simas
Sat May 05, 2018 7:30 am
Forum: Personal Finance (Not Investing)
Topic: Moving downtown Chicago. Should I sell my car?
Replies: 41
Views: 2777

Re: Moving downtown Chicago. Should I sell my car?

" It is a royal pain to ride the CTA buses during the coldest months of the year. Make sure that you are prepared." one thing you may find is that CTA is _much_ more likely to run in extreme weather than Metra (cancelled/delayed trains, etc but busses would be running). We lived in Andersonvile for ...
by simas
Sat May 05, 2018 7:16 am
Forum: Investing - Help with Personal Investments
Topic: What is the best case scenario of "settling" for a late entrant?
Replies: 23
Views: 1945

Re: What is the best case scenario of "settling" for a late entrant?

Sorry for only getting to this until now. I think you would find people being people, some are noisy, some of rude, while vast majority is both friendly and helpful. my experience (and I lived anywhere from deep south in Alabama to upper Manhattan which are worlds apart, to rural Midwest, to now Chi...
by simas
Sat May 05, 2018 7:05 am
Forum: Investing - Help with Personal Investments
Topic: Invest lumpsum, "cost averaging" or "wait for the crash"
Replies: 56
Views: 3957

Re: Invest lumpsum, "cost averaging" or "wait for the crash"

As others said - if you are worried about market crash (sale! sale! sale!) then you have wrong asset allocation... and X months out of Y months streak long expansion, short expansion, bold president, blonde president, blue moon aligned over red shift make-up-your-reason-here commentary talking heads...
by simas
Tue May 01, 2018 8:06 pm
Forum: Personal Finance (Not Investing)
Topic: HOA won't help. [Homeowners Association]
Replies: 37
Views: 4784

Re: HOA won't help. [Homeowners Association]

it has been a week since your original- send the ..... letter and stop making excuses why you wouldn't! it takes few minutes to do. "Justice is not cheap but what can I do? " "felt the President really treated my case different from others because I am a new immigrant in this community" .... you may...
by simas
Sat Apr 28, 2018 8:25 am
Forum: Investing - Help with Personal Investments
Topic: What is the best case scenario of "settling" for a late entrant?
Replies: 23
Views: 1945

Re: What is the best case scenario of "settling" for a late entrant?

Greetings and welcome 1) stop worrying, stress kills.. 2) there are plenty of immigrants everywhere (including on this forum, I am one of them). the world is very much not limited to California or some other very high cost of living (VHCL) locations. probably the opposite. my district (outlying subu...
by simas
Sat Apr 14, 2018 6:42 am
Forum: Personal Finance (Not Investing)
Topic: Cash flow problems - best way to handle?
Replies: 134
Views: 8878

Re: Cash flow problems - best way to handle?

good luck to you! short term needs (5k) could be addressed with short term fixes (personal load, credit union, etc), and may be they should. the bigger problem to me (and I would be direct), is longer term picture. your income and expenses are out of whack (what you spend on housing as percentage of...